Fitch Ratings has affirmed the financial stability ratings of the Belarusian Republican Unitary Insurance Company Belgosstrakh and the Belarusian National Reinsurance Organization (BNPO) at B-, with positive outlook. Ratings at the same level as Belarus long-term rating “B-” (outlook “Positive”) reflects the fact that Belgosstrakh and BNPO are 100% state-owned. The rating of “Belgosstrakh” takes into account the availability of guarantees for compulsory insurance, the leading market position of the company in a number of segments in the country and other factors.
Insurance premiums of Belarus insurance organizations for direct insurance and co-insurance in January-August amounted to Br697m and increased by 8% compared to January-August 2016, as the Ministry of Finance informed BelTA. Insurance premiums under voluntary types of insurance for eight months amounted to Br401.7m, which is Br50m more than in the same period last year.